# Leases in GV sec 16 1N-1E
**URL:** https://www.mineralrightsforum.com/t/leases-in-gv-sec-16-1n-1e/54549
**Category:** Garvin County, OK
**Created:** [January 6, 2020, 1:22am UTC](https://www.mineralrightsforum.com/t/leases-in-gv-sec-16-1n-1e/54549 "2020-01-06T01:22:57Z")
**Posts on this page:** 4
**Page:** 1
### Author:  [@rnewbern](https://www.mineralrightsforum.com/u/rnewbern)
#### Post date: [January 6, 2020, 1:22am UTC](https://www.mineralrightsforum.com/t/leases-in-gv-sec-16-1n-1e/54549/1 "2020-01-06T01:22:57Z")
Continental Resources or CLR has approached the cousins with an offer of $1200 bonus, 3 year lease with 5 year option, and 3/16 royalty. The lease is not good, and we have not even mentioned our Exhibit A. Are there other companies leasing in Garvin that might be more mineral owner friendly than CLR? I have the same question for Stephens County Section 32 2N-6W.
Thanks.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [January 6, 2020, 2:57pm UTC](https://www.mineralrightsforum.com/t/leases-in-gv-sec-16-1n-1e/54549/2 "2020-01-06T14:57:40Z")
If it were me, I would not accept the 5 year option or the 3/16ths unless that was the only option. I never take an option. Too much can happen in the first three years and then you would be stuck for the extra five. I would ask about 1/5th and try to get a better lease with more protections than the standard CLR lease. They have filed quite a few leases at 1/5th. MK & P Energy is the only other agent who has posted leases in that section.
For 32-2N-6W - The only other agent in the area was David W Potts Land & Exploration Co in sec 36 mid 2019. CLR has the rest.
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### Author:  [@rnewbern](https://www.mineralrightsforum.com/u/rnewbern)
#### Post date: [January 6, 2020, 5:41pm UTC](https://www.mineralrightsforum.com/t/leases-in-gv-sec-16-1n-1e/54549/3 "2020-01-06T17:41:32Z")
Good morning,
Thanks for the reply. Attending the Oklahoma NARO meetings has taught me a lot about lease terms. Your advice is right on. I enjoy reading your responses and advice to mineral owners in the Mineral Forum. I have had a bit of contact with MK&P. I will get in touch with them as we get past the first of the year.
Thanks again,
Rick
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [March 6, 2020, 1:22am UTC](https://www.mineralrightsforum.com/t/leases-in-gv-sec-16-1n-1e/54549/4 "2020-03-06T01:22:57Z")
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